Azerbaijan becomes a crucial element of Europe's energy security


“ Azerbaijan was the first country to invite foreign leading energy companies to cooperate in the Caspian Sea. We have established strategic oil pipelines to Turkey's port on the Mediterranean Sea and Georgia's port on the Black Sea, which have changed the energy map of Europe by diversifying energy supplies to the world market," said the President of the Republic of Azerbaijan, Ilham Aliyev, in his speech on "Azerbaijan's Role in energy security" at the International Forum held in Cernobbio, Italy, on September 2, 2022.

The Middle Corridor may become more competitive compared to the Northern Corridor


The Middle Corridor may become more competitive compared to the Northern Corridor.

This is what Iain Rawlinson, commercial director of the company “APM Terminals Poti”, which manages the Georgian port of Poti, told “Trend”.

„Therefore, to make the Middle Corridor remain competitive when the hostilities in Ukraine end and the situation in the region normalizes, it will need its exceptional efficiency in creating transparent rail and sea transport links“, he said.

TRACECA will hold an event to increase trade on the route Central Asia - EU through the ports of the Caspian and Black Seas


TRACECA will conduct a study tour on the possibility of increasing trade on the route "Central Asia - European Union" through the ports of the Caspian and Black Seas, the TRACECA administration announced on Thursday - May 12, 2022.

According to a source from TRACECA, the trip will last from 16 to 24 May 2022.

Kazakh company to redirect metal products to Aktau port with further shipment via TITR


Kazakhstan’s Arcelor Mittal Temirtau JSC has expressed its readiness to redirect nearly 50,000 tons of metal products to the port of Aktau with their further shipment through Azerbaijan and Georgia [being part of Trans-Caspian International Transport Route, or TITR], Trend reports citing the Ministry of Industry and Infrastructural Development.

BTC celebrates 500 million tonnes of oil export


The Baku-Tbilisi-Ceyhan (BTC) oil export pipeline, operated by bp, has achieved a significant milestone by carrying 500 million tonnes of oil in total from the Sangachal terminal near Baku across Azerbaijan, Georgia and Turkey to Ceyhan, reports “bp”.

The milestone was achieved on 12 December when the 500 millionth tonne of Caspian crude flowed through the pipeline, was loaded on the 4922nd tanker named Nordorse, which was a joint SOCAR lifting, and departed for Trieste (Italy).

Turkmenistan agrees to participate in Lapis – Lazuli project


The Turkmen authorities agreed to participate in the “Lapis Lazuli”, which will connect Afghanistan with Turkey through Turkmenistan, Azerbaijan and Georgia.

İt is presented as an opportunity to export Afghan goods to Europe.

The agreement on transit and transport cooperation Lapis Lazuli between Afghanistan, Azerbaijan, Georgia, Turkey and Turkmenistan was signed on November 15, 2017, at the ministerial meeting of the 7th Regional Economic Cooperation Conference on Afghanistan in Ashgabat.

Opening of Zangazur corridor can lead Armenia out of crisis


The opening of the Zangezur corridor can lead Armenia out of the crisis. In 2020, Armenia's GDP fell by 7.4%. In 2021, it is projected to grow from 5.2% to a maximum of 6.1%. This means that this year the Armenian economy will not be able to return to the pre-pandemic and pre-war levels.

Expert-economist, Member of Parliament Vugar Bayramov stated that Armenia can restore its economy, which is in the state of crisis by opening communications:

Azerbaijan’s return of Armenian detainees in exchange for mine field maps are important confidence building gestures – EU high representative


The European Union welcomes the actions taken by Armenia and Azerbaijan and facilitated by Georgia that led to the release by Azerbaijan of 15 Armenian detainees and the handing over by Armenia of maps of mined areas on Saturday, Josep Borrell, High Representative of the European Union for Foreign Affairs and Security Policy said in a statement.